Monroe Capital Corporation $MRCC Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in Monroe Capital Corporation (NASDAQ:MRCC) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 394,580 shares of the financial services provider’s stock after selling 26,923 shares during the period. Blair William & Co. IL owned about 1.82% of Monroe Capital worth $2,510,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MRCC. Ascent Group LLC acquired a new stake in shares of Monroe Capital in the first quarter worth approximately $80,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Monroe Capital during the 1st quarter worth $84,000. Pandora Wealth Inc. acquired a new stake in Monroe Capital during the 1st quarter worth $113,000. Trexquant Investment LP acquired a new stake in Monroe Capital during the 1st quarter worth $186,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Monroe Capital during the first quarter worth about $211,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Monroe Capital in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $7.63.

Monroe Capital Stock Performance

Shares of MRCC stock opened at $7.06 on Wednesday. The firm’s 50 day moving average price is $7.18 and its 200-day moving average price is $6.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.02 and a current ratio of 4.02. Monroe Capital Corporation has a one year low of $5.96 and a one year high of $8.85. The firm has a market cap of $152.99 million, a P/E ratio of 78.44 and a beta of 0.92.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%.The firm had revenue of $9.87 million for the quarter, compared to analyst estimates of $12.38 million. As a group, equities research analysts predict that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 14.2%. Monroe Capital’s dividend payout ratio is 1,111.11%.

Monroe Capital Profile

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.